Afternoon Coffee: Chinese supply chains rebounding; A deeper dive on SolutionMap rankings; ’50/50′ videos for Bid Ops, BuyerQuest

astrosystem/Adobe Stock

A new survey suggests that Chinese manufacturers, retailers and logistics service providers are getting their supply chains back in business after the peak of the country’s coronavirus crisis earlier this year, reports Supply Chain Movement. The report says that two-thirds of manufacturers are back at 80% or more of their capacity, and almost 60% say that their upstream supply chain has more or less returned to normal.

The report also suggests that Chinese companies are looking to reduce supply chain risk for the future. This includes developing visibility across the entire upstream and downstream supply chain as a high priority. Additionally, companies are moving toward dual sourcing of components without sacrificing quality or delivery certainty.

A deeper dive on SolutionMap rankings

Spend Matters recently released our SolutionMap update for Spring/Q1 2020. We ranked 69 procurement technology vendors in 13 categories, including Source-to-Pay, Contract Lifecycle Management, Temp Staffing and our new AP Automation category.

Today we’d like to share more about how we arrived at those rankings, which are available for free to all of our readers. In a white paper, Spend Matters developed a more detailed explanation of our SolutionMap methodology, which consists of our technology analysts doing demos of solutions, asking hundreds of questions in our RFIs and getting customer feedback on the vendors.

"We wanted to provide a little more insight into the methodology used to develop SolutionMap,” said Pierre Mitchell, Spend Matters’ Chief Research Officer. “We dive into how we develop our solution score (or capability score) and the customer (or value) score. In the paper, we show an example RFI question and the scoring rationale. And we talk about the process used to develop the maps. It may not be magic, but it is methodical!"

You can get the free white paper here.

Analyst videos highlight Bid Ops & BuyerQuest on new ‘50/50’ lists

Spend Matters’ analysts chose 2020's top procurement technology vendors for the “50 to Know” and the “50 to Watch” lists that came out this week, and our analysts also have done videos about some of the providers who will attend the digital SIG Procurement Technology Summit, which begins May 11. The videos are out now, and Afternoon Coffee will feature a couple of them a day.

Bid Ops, a sourcing provider and Future 5 member:

"Bid Ops is an e-sourcing tool that positions itself as the first AI solution for automatic procurement negotiations. This includes a core focus on automation, taking people out of negotiations whenever possible. The resulting user experience is designed around making negotiations faster, simpler and more pleasant for all participants, especially for suppliers,” says Nick Heinzmann, Research Analyst for Spend Matters. See our full Bid Ops video here.

BuyerQuest, an e-procurement provider:

Jason Busch, Founder of Spend Matters, says of BuyerQuest, “They’re one of the very few standalone vendors in the e-procurement space which has remained as a best-of-breed provider, and not part of a broader ERP or generalized suite capability. BuyerQuest excels at delivering an outstanding user experience.” See our full BuyerQuest video here.

The 50/50 lists are part of Spend Matters Almanac, a directory of more than 500 providers that offers deep insights on the players in the procurement technology market.

Nuvocargo raises $5.3 million in seed funding

Nuvocargo has raised $5.3 million in a round of seed funding meant to bolster a managed marketplace for door-to-door freight transportation between the U.S. and Mexico, reports TechCrunch. Silicon Valley-based NFX and Mexico City-based ALLVP led the round of investment.

The funding will go toward unwinding the gridlock of paper, phone calls, faxes and stakeholders that slow the trucking system running between the two countries. Nuvocargo’s free software digitizes the process, making trucking between Mexico and the U.S. more efficient.

U.S. food banks running low on supplies

Because of the coronavirus crisis, food banks in the U.S. find themselves caught between short supplies and surging demand from needy families, Reuters reports. With over 26 million Americans out of work, food banks find themselves low on supplies, donations and volunteers.

Supply chains for food banks remain disrupted, as some have received double or triple the amount of people relying on them, the report said. Even so, farmers are still dumping milk and culling livestock since many are not able to get their produce to markets.

Ports overwhelmed by demand for food and medical supplies

Demand for warehouse storage for food and medical supplies has increased by 35%, according to a report from Supply Chain Dive. The increased importing and stockpiling of these goods has forced ports to adjust for decreased storage for conventional cargo.

The reports says that some ports are being forced to find new ways to provide additional storage, including looking for land used for other purposes and working with the private sector.

Spend Matters PRO offer extended a month

Through this month, a Spend Matters' special PRO Expert Survival Pack is available to procurement practitioners only* at up to 50% off. The discount applies to PRO subscription content from our analysts and other services. — Learn more

Read all of Spend Matters’ coronavirus coverage here.

Share on Procurious

Discuss this:

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.